Sands Capital Ventures LLC Purchases 669 Shares of Samsara Inc. (NYSE:IOT)

Sands Capital Ventures LLC raised its position in shares of Samsara Inc. (NYSE:IOT) by 18.7% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,239 shares of the company’s stock after purchasing an additional 669 shares during the period. Samsara comprises 0.0% of Sands Capital Ventures LLC’s portfolio, making the stock its 16th biggest position. Sands Capital Ventures LLC’s holdings in Samsara were worth $143,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Quarry LP purchased a new stake in Samsara during the fourth quarter worth $37,000. National Bank of Canada FI bought a new stake in Samsara during the second quarter valued at about $38,000. Tradition Wealth Management LLC purchased a new position in Samsara in the fourth quarter valued at about $46,000. Ulland Investment Advisors LLC raised its holdings in Samsara by 33.6% in the first quarter. Ulland Investment Advisors LLC now owns 1,990 shares of the company’s stock worth $75,000 after purchasing an additional 500 shares in the last quarter. Finally, UniSuper Management Pty Ltd purchased a new stake in shares of Samsara during the first quarter valued at about $94,000. 89.39% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

IOT has been the topic of a number of analyst reports. BMO Capital Markets lifted their price objective on shares of Samsara from $40.00 to $44.00 and gave the stock a “market perform” rating in a research report on Friday, September 6th. StockNews.com raised Samsara from a “sell” rating to a “hold” rating in a research report on Friday, September 6th. Piper Sandler raised their price objective on Samsara from $36.00 to $40.00 and gave the stock a “neutral” rating in a research report on Friday, September 6th. Truist Financial upped their target price on Samsara from $35.00 to $40.00 and gave the company a “hold” rating in a research report on Friday, September 6th. Finally, Wolfe Research reissued an “outperform” rating and issued a $44.00 price target on shares of Samsara in a report on Friday, June 28th. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, Samsara has an average rating of “Moderate Buy” and a consensus target price of $42.07.

Samsara Price Performance

NYSE IOT opened at $49.42 on Friday. Samsara Inc. has a 1 year low of $21.48 and a 1 year high of $49.56. The company has a market capitalization of $27.22 billion, a PE ratio of -98.84 and a beta of 1.50. The company has a fifty day moving average of $40.39 and a 200 day moving average of $36.97.

Samsara (NYSE:IOT) last issued its earnings results on Thursday, September 5th. The company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.04. The firm had revenue of $300.20 million for the quarter, compared to the consensus estimate of $289.53 million. Samsara had a negative return on equity of 20.39% and a negative net margin of 24.19%. The company’s revenue was up 36.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.11) earnings per share. Research analysts expect that Samsara Inc. will post -0.34 earnings per share for the current year.

Insider Activity at Samsara

In other Samsara news, CAO James Andrew Munk sold 1,093 shares of Samsara stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $47.31, for a total value of $51,709.83. Following the completion of the transaction, the chief accounting officer now owns 319,667 shares of the company’s stock, valued at $15,123,445.77. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CAO James Andrew Munk sold 1,093 shares of Samsara stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $47.31, for a total value of $51,709.83. Following the completion of the transaction, the chief accounting officer now owns 319,667 shares in the company, valued at approximately $15,123,445.77. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Adam Eltoukhy sold 9,471 shares of the business’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $37.79, for a total value of $357,909.09. Following the completion of the sale, the insider now owns 465,967 shares of the company’s stock, valued at $17,608,892.93. The disclosure for this sale can be found here. Insiders sold a total of 2,049,232 shares of company stock worth $82,346,868 in the last three months. Company insiders own 60.04% of the company’s stock.

Samsara Profile

Samsara Inc provides solutions that connects physical operations data to its connected operations cloud in the United States and internationally. The company's Connected Operations Cloud includes Data Platform, which ingests, aggregates, and enriches data from its IoT devices and has embedded capabilities for AI, workflows and analytics, alerts, API connections, and data security and privacy.